Reuters UK Business

By Shashwat Chauhan (Reuters) -European shares slipped on Thursday as downbeat earnings and BAE Systems weighed, while investors were in risk-off mode after minutes from the U.S. Federal Reserve’s July meeting hinted at rates remaining higher for longer. The pan-European STOXX 600 fell 0.4%, hitting a more than one-month low. BAE Systems shed 4.5% after …

European shares fall on dour earnings, Fed minutes sour sentiment Read More »

(Reuters) -Russia’s battered rouble was given a reprieve with this week’s emergency 350-basis-point rate hike to 12% but further action is likely to be needed for a more lasting impact. The Russian currency has lost more than a fifth of its value since Russia invaded Ukraine in February 2022 and tumbled past the symbolic threshold …

What else can Russia do to save its troubled rouble? Read More »

By Jesus Calero and Marie Mannes STOCKHOLM (Reuters) -Swedish games developer Embracer on Thursday reported slightly weaker than expected operating profit for the April to June period but reiterated its full-year guidance, saying its restructuring programme was on track. Shares initially rose by around 8%, but almost immediately reversed and were flat at 0812 GMT. …

Tomb Raider games group Embracer lags forecast, maintains outlook Read More »

OSLO (Reuters) -Norway’s central bank raised its benchmark interest rate by 25 basis points (bps) to 4.0% on Thursday to curb inflation, as widely expected, and said it would likely hike again in September. Thursday’s hike had been expected by all 31 economists polled by Reuters, and a majority of poll participants predicted the rate …

Norway central bank raises rate to 4.0%, eyes September hike Read More »

(Reuters) -The Russian rouble steadied near 95 against the dollar on Thursday, in a volatile week filled with speculation over how the authorities might stabilise the currency after a 350-basis-point rate hike seemed to have a limited effect. The Bank of Russia jacked up its key rate to 12% on Tuesday, an emergency move to …

Jittery rouble steadies as market eyes possible move on capital controls Read More »

By Yadarisa Shabong (Reuters) -Britain’s BAE Systems on Thursday agreed to buy Ball Corp’s aerospace assets for about $5.55 billion in cash, snapping up a key U.S. contractor in areas such as national security and intelligence. Reuters had reported in July that private equity firms Blackstone Inc and Veritas Capital Fund Management were competing against …

BAE Systems snaps up Ball Corp’s aerospace arm for about $5.55 billion Read More »

AMSTERDAM (Reuters) – Shares in Dutch payments processor Adyen NV fell by more than 20% on Thursday after first-half earnings missed analysts’ estimates and the company’s own targets. Adyen, which provides online payment services for many of the world’s largest internet platforms and retail stores, including Netflix, Meta, Microsoft and Spotify, cited slower growth in …

Payments company Adyen’s shares drop more than 20% after earnings miss Read More »

By Elizabeth Howcroft LONDON (Reuters) – Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto …

PayPal to halt UK crypto sales until 2024 Read More »

ZURICH (Reuters) – Switzerland’s financial market supervisory authority FINMA on Wednesday said it had signed a cooperation agreement with Italian supervisory authority CONSOB and Italian national bank, Banca d’Italia, to intensify their cooperation. “Thanks to this agreement, the authorities involved can carry out their supervisory activities even more effectively across borders. This increases legal certainty …

Swiss, Italian financial authorities sign cooperation agreement Read More »